Bharat Heavy Electricals Limited (BHEL) on February 11 said it won Rs 6,200-crore order from Damodar Valley Corporation in Kolkata.
The order is for Steam Generator Island Package of 2x660 MW Raghunathpur Thermal Power Station Phase-II project at West Bengal's Purulia district, said BHEL about the contract it won after international competitive bidding.
Regarding the nature of the order, BHEL said in an exchange filing, "(i) Supply and Erection, Testing & Commissioning works – Steam Generator and Auxiliaries, ESP, FGD systems, Ash Handling systems along with electrical and C&I (ii) Associated Civil Works."
The facilities are to be completed in 48-52 months, said BHEL.
On February 11, BHEL's shares closed 2.2% lower at Rs 198.5. 52-week low of the stock is Rs 184 and 52-week high is Rs 335. Market capitalisation of the stock is Rs 69,475 crore.
The power and industrial equipment manufacturer reported a net profit of Rs 125 crore for the three months ended Dec. 31, compared to a loss of Rs 213 crore a year earlier.
BHEL’s total expenses surged 31% to Rs 7,225 crore, owing to a 22% rise in input costs. It also incurred Rs 907 crore worth of “other expenses”, without specifying details.
Revenue from operations jumped nearly 32% to Rs 7,277 crore in the quarter, owing to a 32% rise in revenue from the power segment.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
